Market Journal – June 21, 2013
Market Analysis – With 100 percent of corn emerged and 99 percent of its soybeans planted, Nebraska is well ahead of the national averages. Roy Smith, farmer and grain marketing consultant from Plattsmouth, Neb., reacts to the latest USDA crop progress report. Roy also discusses how delayed planting could affect corn and soybean markets.
Upcoming Weather Patterns – Another portion of southeast Nebraska has exited drought conditions, according to the latest UNL drought monitor. Al Dutcher, UNL Extension state climatologist, discusses what the upcoming months have in store, and how this year–s patterns compare to 2012.
International Agriculture –While China has become the major player when it comes to soybean imports, agricultural goods from Nebraska are exported all over the world. Stan Garbacz from the Nebraska Department of Ag recaps a few of his recent international trips, including his latest to Turkey.
Hay and Forage Hotline – Nebraska Department of Ag director, Greg Ibach, is encouraging farmers with hay, forage or pasture they wish to sell or lease to use the department–s hay hotline. The tool is available year-round, but could be helpful connecting buyers and sellers during a year of drought and short supplies. The hay hotline details can be found HERE.
Irrigation in Nebraska – Nebraska irrigates more acres of land than any other state in the country. Since the end of October, the Nebraska Department of Natural Resources says more than 1200 wells have been registered for irrigation. Bruce Johnson, UNL Ag Economist, looks at the value of center pivots in the state and how they operate at a premium compared to an earlier form of Nebraska irrigation. Bruce–s recent Cornhusker Economics article can be found HERE.
Weather Forecast – Al Dutcher, UNL Extension state climatologist, gives his forecast for the coming week.